W3 W4 W5 W6 W6 W7 W8 Yr.9/1(6) Yr.9/2(15) Revision/tests Introduction to Accounting Double Entry Book Keeping Term 1 W1 W2 W3 W4 W5 W7 W8 YR 9 To appreciate what accounting is about and to explain the meaning of the terms such as Capital, Assets, Liabilities etc. To explain what is meant by Double Entry. Describe the layout of a Journal. Learning to enter transactions(including VAT) into the ledger.Explain the money measurement concept and business entity concept. To describe the formaat of a T-Account. To be able to post transactions from the Journal into the Ledger Accounts. To compile a Trial Balance. Term 1 W1 W2 W7 W8 Yr.9/3(39) Yr9./4(3) Books of Original Entry Capital and To be able to draw the format of aThree- column Cash Book and be able to enter up and balance off the cash book. To be able to identify Contra entries and explain why they are entered on the debit and credit side of a cash book. Term 2 W1 W2 W3 W4 W5 Yr.9/3(39) Revision/tests Books of Original Entry To justify the need for the Books of Original Entry and to be able to describe the process of recording the transactions into the Purchases and Sales Journal. To be able to describe the process of recording the transactions into the Purchases Returns and Sales Returns Journal. Explain the money measurement concept and business entity concept. To be able to draw the format of a Two- column Cash Book,enter up and balance off the cash book. YR 9 W6 W7 W8 Yr.9/5/(3) Yr.9/6(15) Trial balance Financial statements To compile a Trial Balance from the To appreciate the benefit of maintaining a Petty Cash Book. Todemonstrate how the Imprest system works and to be able to compile a Petty Cash Book and show the restoration of the Imprest. To deduce the Capital by passing an Opening Journal Entry. To identify if an item of expenditure is Capital or Revenue in nature. Term 2 W1 W2 W3 W4 W5 W6 YR 9 To be able to compile an income statement in the prescribed format and thereby ascertain the Cost of sales, Gross Profit and To be able to draw up a statement of financial position showing total assets COMMERCE YEAR PLAN 2020-2021
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W3 W4 W5 W6
W6 W7 W8
Yr.9/1(6) Yr.9/2(15)
Revision/tests
Introduction to Accounting Double Entry Book Keeping
Term 1 W1 W2 W3 W4 W5
W7 W8
YR 9
To appreciate what accounting is about
and to explain the meaning of the terms
such as Capital, Assets, Liabilities etc.
To explain what is meant by Double
Entry. Describe the layout of a Journal.
Learning to enter transactions(including
VAT) into the ledger.Explain the money
measurement concept and business entity
concept.
To describe the formaat of a T-Account. To be able to post
transactions from the Journal into the Ledger Accounts. To
compile a Trial Balance.
Term 1 W1 W2
W7 W8
Yr.9/3(39) Yr9./4(3)
Books of Original Entry Capital and
To be able to draw the format of aThree- column Cash Book
and be able to enter up and balance off the cash book. To be
able to identify Contra entries and explain why they are
entered on the debit and credit side of a cash book.
Term 2 W1 W2 W3 W4 W5
Yr.9/3(39)
Revision/tests
Books of Original Entry
To justify the need for the Books of
Original Entry and to be able to describe
the process of recording the transactions
into the Purchases and Sales Journal.
To be able to describe the process of
recording the transactions into the
Purchases Returns and Sales Returns
Journal. Explain the money measurement
concept and business entity concept.
To be able to draw the format of a Two-
column Cash Book,enter up and balance
off the cash book. YR 9
W6
W7 W8
Yr.9/5/(3) Yr.9/6(15)
Revision/tests
Trial balance Financial statements
To compile a Trial
Balance from the
list of balances
given and explain
why the debit and
credit Trial balance
totals should equal
one another.
To appreciate the benefit of maintaining a Petty Cash Book.
Todemonstrate how the Imprest system works and to be able to
compile a Petty Cash Book and show the restoration of the
Imprest.
To deduce the
Capital by passing
an Opening Journal
Entry.
To identify if an
item of expenditure
is Capital or
Revenue in nature.
Term 2 W1 W2 W3 W4 W5 W6
YR 9
To be able to compile an income statement in the prescribed
format and thereby ascertain the Cost of sales, Gross Profit and
profit for the year.to identify the differences betweenGross
Yr 9/ 1 (6) The Basic Economic Problem Yr 9 / 2 (3) Economic Assumptions Yr 9/ 3 (12) Market ForcesTo understand the economic assumptions of To understand the market forces of demand & supply
Term 1 W1 W2 W3
Revision/tests
To compile a Trial
Balance from the
list of balances
given and explain
why the debit and
credit Trial balance
totals should equal
one another.
W7 W8
YR 9/1(18) Enterprise and Enterpreneurship
Enhancement activity for Module1
Revision/test
The dynamic nature of the business Risk and Reward The role of the business Enterprise
To understand the dynamic nature of
business in terms of technology,
products/services/ideas.
To be able to compile an income statement in the prescribed
format and thereby ascertain the Cost of sales, Gross Profit and
profit for the year.to identify the differences betweenGross
profit and profit for the year.
To be able to draw up a statement of
financial position showing total assets
and total liabilities.
Term 1 W1 W2 W3 W4 W5 W6
YR 9
YR 9To understand the impact of risks and
rewards on business activity.
To understand the role of business
enterprise and learn the purposse of
business activity.
W7 W8
YR9/3/(24) Putting a business idea into
practice
Enhancement activity for Module3
Revision/test
Market segmentation The competitive environment
Term 2 W1 W2 W3 W4 W5
W7 W8
YR 9/2(30) spotting a business opportunityEnhancement activity for Module2
Revision/test
Customer needs Market research
Identifying and understanding customer
needs
To understand the purpose of market research, identify the methods and know its
use.
Term 1 W1 W2 W3 W4 W5 W6
YR 9
W6
W7 W8
YR9/3( 24)Putting a business idea into practice
Revision /test
Business revenues, costs and profits Cash and cash-flow Sources of business finance
obj;To prepare the final accounts of companies and calculate and comment upon the investment ratios.
AS/1(12)Meeting customer needs AS/3(15) Marketing Mix and Strategy
To introduce the term market. To analyse how markets help in meeting customer needs. To
analyse the difference between mass and niche markets. To examine dynamic markets.
To identify ways to build a brand. To effect changes in branding and promotion to reflect social
trends. To evaluate thedesign mix based on function, aesthetics and cost.
AS/2(12) The Market AS/3(4)Pricing Strategies
To examine the factors leading to a change in demand and supply. To draw and interpret supply and demand
diagrams to show the causes and consequences of price
changes
Revision Test
AS/4 (16+4) Managing People AS/5 (16+8) Entrepreneurs and Leaders
To analyse the importance of motivation and explain various motivation theories. To understand concepts of recruitment and
training. To examine the approaches to staffing.
To outline business objectives and suggest examples of objectives. To analyse the legal organisation and features of businesses
and examine the factors that lead to these forms.
To analyse the key features of organizational design along with
the strengths and weaknesses of each model.
AS/5 (1) (16+8) Entrepreneurs and Leaders
REVISIONTo understand the role of an entrepreneur,entrepreneurial motives and characteristics. To analyse the challenges involved in
moving from entrepreneur to leader.
To analyse factors that determine the most appropriate pricing
strategy for a particular situation
W1 W2 W3 W4 W5 W6 W7 W8
To consider the external influences that have an impact on businesses, including economic and legal factors. They analyse the effect of economic uncertainty on the business environment.
To develop an understanding of raising and managing finance. To analyse the various sources of internal and external finance.
To understand the use of cash flow forecasts as stand-alone and part of the business plan
To understsnd the purpose of sales forecasting and analyse the factors influencing sales forecasts. To cope with the difficulties
of forecasting.
AS/8 (16) Economic Influences
W1 W2 W3 W4 W5
W6 W7 W8
AL 1(42) Introduction to markets and market failure-Theme 1Revision and Class
test.What is the nature of
economics?
Economic data and Economic system What determines the demand and supply of a good or service in a market?
W1 W2 W3 W4 W5
AS/9 (16) Managing Finance AS/10 (16) Resource ManagementTo calculate contribution, Break-even point, using contribution to calculate the break-even point, Margin of safety.
Interpretation of break-even charts. Limitations of break-even analysis.
To outline the importance of using resources efficiently within a business to ensure that goods or services can be delivered
effectively and efficiently, and to a high quality. To analyse the different methods of stock control and the advantages gained
form each.
AS/11 (12) GlobalisationREVISIONStudents investigate businesses that trade on a global scale and explore their reasons for doing so. Students develop an understanding of the globally competitive environment and consider the
ethical and moral dimensions of global business activities.
How do we measure the economic performance of developed and developing countries? What is Aggregate demand? Economic indicators
and the components
of ADEconomic growth, inflation, unemployment and balance of payment and measures of develpment: HDI, HPI etc. The componenets of AD: C+I+G+(X-M). Consumption,
Investment, Government expenditure, net exports. Movement
and shifts in AD curve
Nature of
Economics,Economic
System and what
determines demand
and supply?
Scarcity, PPF. Positive and normative economic
statements.Economic systems.Free
market.mixed and command
economies.Specialisation and the division of
labour.
Movement along and shift in dd and ss curves, price determinetion, consumer surplus and producer surplus.Rational decision
making-the underlying assumptions of rational economic decision making.
AL 3(84) The UK Economy-Performance and policies-Theme 2 Revision and Class
What is Aggregate supply? What determines the price level and equuilibrium level of real output?Aggregate supply-
Keynesian and
Classical approach
Aggregate supplyFactors affecting AS curve, shifts in AS curve, Classical and Keynesian approach and circular
flow of income
Equilibrium level of real output and price level and application of AD AS model to real world
situations. Classical vs Keynesian model of equilibrium level of real output. The multiplier
model
The reasons why consumers may not behave rationally
ElasticitiesHow does the market
work?Price mechanism and application to various markets.PED,YED CED. Indirect taxes and subsidies. influence of other peoples
AL 3(84) The UK Economy-Performance and policies-Theme 2
W5 W6 W7 W8W1 W2 W3 W4
Macroeconomic
Policies. Demand side and
supply side policies
Application of practical monetary and fiscal policy: Inflation
targeting, role of MPC Impact on AD/AS, fiscal
defecit/surplus taxation and government spending
Diagramatic analysis of various supply side policies such as
labour market intervention, education and training, direct
taxation, privatisation, deregulations etc.
Consider basic conflicts between objectives such as inflation and unemployment( Philips curve) etc. Consider conflicts between fiscal and supply side policies and how policy instruments are affecting other variables in an economy.
Externalities,public
goods and
information gap. Market failure
Define and understand different types of market failure. Illustrate external costs and exteranl benefits using marginal analysis.
Case for government intervention in various markets.Apply in markets such as transport, health care, education, environment
etc Explain why public goods may not me provided by market mechanism
Distinguish between symmetric and asymmetric information.
Understand how imperfect amrket information leads to market
failure. Apply to Health care, tobacco and alcohol education
etc.
AL 2(78) The UK Economy-Performance and policies-Theme 2
W6 W7 W8
AL 1(42) Introduction to markets and market failure-Theme 1 Revision Class Test
How might the change in price of a good or service be explained?
AL 2(42) WHY DO SOME MARKETS FAIL?-Theme 1 Revision Class Test Why do markets fail in Externalities? Public goods? Why do markets fail?( continued) Imperfect market
information labour immobility, unstable commodity markets.
Revision Class Test
W1 W2 W3 W4 W5
Globalisation and international trade Trade principles Terms of Trade
The UK Economy-performance and
policies.(theme 2)
Reasons and causes for globalisation.Effect of globalisation on
the economic agents.
Absolute and Comparative advantages.Calculation and
application of trade theories.Interpretation and reasons of the
trading pattern of todays world.
Revision Class Test
Causes for the changing pattern of ToT and
its effect on BOP and on the Economy.
What objectives do firms have? How do we calculate costs revennue and profit of a firm Government
intervention in
markets and
government failure.
Government failure.Methods of government intervention to correc t market failure such as Indirect taxes, subsidies
tradeable permits extension of property rights etc. Define and explain various types of
government failure.Understand firms may have different objectives. Calculate total revenue, average revenue and
marginal revenue and TC, AC and MC and distinguish between normal and supernormal profit
AL (18) INTERNATIONAL ECONOMICS-Theme 4 Revision and class test
W6 W7 W8
AL 2(42) WHY DO SOME MARKETS FAIL?-Theme 1 AL4 (9) Business Economics-Theme 3 Revision Class Test Why do government attempt to correct market failure and what is government failure?
W1 W2 W3 W4 W5
What are the main macoeconomic policy instruments: Demand
Side policies
macoeconomic policy instruments: Supply Side policies. Do macro economic objectives conflict each other?Do macro
economic policies conflict when they are used together.